UK manufacturing seems to be heading in the right direction as according to a new survey its activity hit a two and a half year high last month. The Markit/CIPS purchasing managers' index (PMI) for this sector increased to 56.1 in December from 53.6 the month before. Anything over 50 indicates growth. The survey found that the weaker pound has helped boost orders from overseas as we suggested in a previous blog.
The key findings from the survey were: